Sodhani Academy IPO
GMP, Subscription, Price, Dates & Financial Details
Sodhani Academy of Fintech Enablers Limited, originally incorporated as Sodhani Financial Consultants Private Limited in 2009, is focused on providing training, consultancy, and learning services in the domain of financial literacy. The company underwent several name changes before adopting its…
Open Date
Thu, 12 Sep 2024
Close Date
Tue, 17 Sep 2024
Issue Price
₹ 40
Lot Size
3000
Issue Size
₹ 6.12 Cr
Minimum Investment
₹ 240,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Sodhani Academy IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹6.12 Crore, comprising a fresh issue of 9.70 Lakh equity shares aggregating to ₹3.88 Crore and an offer for sale (OFS) of 5.60 Lakh equity shares aggregating to ₹2.24 Crore by the existing shareholders.
The Sodhani Academy IPO remained open for subscription from September 12, 2024, to September 17, 2024. The basis of allotment was finalized on September 18, 2024, and the company's shares were listed on BSE SME Platform on September 20, 2024.
The company had fixed the price at ₹40 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Srujan Alpha Capital Advisors Llp acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Sodhani Academy of Fintech Enablers Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Sodhani Academy IPO Timeline (Tentative)
- IPO Open Date
- Thu, 12 Sep 24
- IPO Close Date
- Tue, 17 Sep 24
- Basis of Allotment
- Wed, 18 Sep 24
- Initiation of Refunds
- Thu, 19 Sep 24
- Credit of Shares to Demat
- Thu, 19 Sep 24
- Listing Date
- Fri, 20 Sep 24 — NSE & BSE
Open Date
12 September 2024
Close Date
17 September 2024
Basis Of Allotment
18 September 2024
Listing Date
20 September 2024
IPO Subscription
Check Live Subscription →The Sodhani Academy IPO has received bids for 0 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 206.29x, Retail Investors 249.68x, and QIBs 0x.
QIB
0x
NII
206.29x
RII
249.68x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 7,26,000 shares, representing 47.45% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 7,26,000 shares (47.45%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 78,000 | 5.1% |
| Non-Institutional | 726,000 | 47.45% |
| Retail Investors | 726,000 | 47.45% |
| Total | 1,530,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 660.04 | 501.57 | 363.2 |
| Revenue | 306.95 | 203.45 | 188.19 |
| Profit After Tax | 183.17 | 138.6 | 123.91 |
| Net Worth | 656.22 | 476.85 | 338.25 |
| Reserve & Surplus | 183.72 | 341.85 | 311.25 |
| Total Borrowings | 0 | 2.65 | 4.1 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Sodhani Academy of Fintech Enablers Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 27.91 |
| ROCE % | 36.77 |
| RoNW % | 27.91 |
Peers Comparison
No Peer Comparision Available
About Sodhani Academy of Fintech Enablers Limited
Sodhani Academy of Fintech Enablers Limited, originally incorporated as Sodhani Financial Consultants Private Limited in 2009, is focused on providing training, consultancy, and learning services in the domain of financial literacy. The company underwent several name changes before adopting its current name in May 2023. Specialising in financial education, the academy offers knowledge in areas such as financial planning, stock market basics, technical analysis, and retirement planning.
By the end of 2020, the company identified opportunities in financial literacy training, and since then, it has expanded its reach significantly. The onset of the COVID-19 pandemic accelerated the demand for online sessions, helping Sodhani grow its learner base.
Sodhani Academy's clientele includes students, graduates, homemakers, and individuals not presently working. The company's services are designed to offer hands-on learning experiences that translate theoretical knowledge into practical skills, helping learners navigate the complexities of the financial world.
Sodhani Academy IPO Promoters
The Promoters of the company are
- Mr. Rajesh Kumar Sodhani
- Mrs. Priya Sodhani
- Rajesh Kumar Sodhani HUF.
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.12%
Sodhani Academy IPO Objective
The company proposes to utilize the Proceeds of the Offer to meet the following objects:-
- Building content Studio and Offline training infrastructure;
- Information Technology (Hardware including Software) Procurement;
- Content Development for course material;
- Enhancement of brand visibility and awareness;
- Learning Management System (LMS) Application development; and
- General Corporate Purpose.
Sodhani Academy of Fintech Enablers Limited Address / Contact Details
Sodhani Academy of Fintech Enablers Limited
P No. C 373, First Floor,
C Block Vaishali Nagar,
Jaipur - 302021
Phone: 0141- 2358107
Email: safe.fintech3105@gmail.com
Website: http://www.safefintech.in
IPO Snapshot
Sodhani Academy IPO Lot Size
The Sodhani Academy IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,20,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,20,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 120,000.00 |
| Retail (Max) | 1 | 3,000 | 120,000.00 |
| S-HNI (Min) | 2 | 6,000 | 240,000.00 |
Issue Reservation
- Market Maker — 5.1%
- NII — 47.45%
- RII — 47.45%
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Sodhani Academy IPO?
Sodhani Academy IPO is a Fixed price IPO with a total issue size of ₹6.12 crore. The Sodhani Academy IPO price band is ₹40 to 40 per share. The Sodhani Academy IPO subscription opens on Thu, Sep 12, 2024, and closes on Tue, Sep 17, 2024. The Sodhani Academy IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the Sodhani Academy IPO.
When will the Sodhani Academy IPO open for subscription?
The Sodhani Academy IPO opens on Thu, Sep 12, 2024 and closes on Tue, Sep 17, 2024
What is Sodhani Academy IPO Price Band?
Sodhani Academy IPO Price Band is ₹40 to 40 per share.
What is Sodhani Academy IPO Lot Size?
Sodhani Academy IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Sodhani Academy IPO?
The minimum investment for Sodhani Academy IPO is ₹240000, based on one lot of 3000 shares at the upper price band of ₹40 per share.
How to apply for Sodhani Academy IPO?
Investors can apply for the Sodhani Academy IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 17, 2024. The application amount remains blocked until the Sodhani Academy IPO allotment is finalized.
What is Sodhani Academy IPO Issue Size?
Sodhani Academy IPO issue size is ₹6.12 crores.
What is the Sodhani Academy IPO Allotment Date?
Sodhani Academy IPO allotment date is Wed, Sep 18, 2024.
Who is the Sodhani Academy IPO Registrar?
The registrar for Sodhani Academy IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Sodhani Academy IPO allotment status, refund processing, and other IPO-related information.
What is the Sodhani Academy IPO GMP?
The Sodhani Academy IPO GMP (Grey Market Premium) is ₹10 as of Mon, Sep 23, 2024. Based on the upper price band of ₹40 per share, the estimated Sodhani Academy IPO listing price is ₹50, indicating a potential listing gain of approximately 25.00% over the issue price.
Who is the Sodhani Academy IPO Lead Manager?
The book-running lead managers (BRLMs) for the Sodhani Academy IPO are Srujan Alpha Capital Advisors Llp. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Sodhani Academy IPO Red Herring Prospectus (RHP).